Steve & Barry’s, the discount clothes retailer with 276 stores in the US, cites a ‘liquidity shortfall’ after filing for Chapter 11 protection. Boston-based private equity firm TA Associates held a minority stake in the company, which recently signed-up Sex and the City star Sarah Jessica Parker.
2 min read · 22 January 2013
The arcade and dining franchise will use the fresh capital to pay down debt, roughly two years after Wellspring purchased the company in a $375m take-private. Wellspring will retain a controlling interest in the company.
2 min read · 22 January 2013
Richard Price, who has been with ING Real Estate since 1996, has been picked to lead the firm’s Hong Kong office, replacing Robert Lie who left in April to join Redevco Asia. It follows a raft of personnel changes for ING in Asia, including the appointment of former PGGM executive Dick Popken.
2 min read · 22 January 2013
Scott Peters has resigned as chief executive officer of the real estate investment company, effective immediately. The decision follows pressure from shareholders, notably the founder of private equity real estate firm Thompson National Properties and former Grubb & Ellis board chairman, Anthony Thompson.
2 min read · 22 January 2013
The US’ second largest public pension fund says it could cut the number of fund managers it works with as market conditions prompt it to review investment relationships. The pension says it will focus on those who ‘outperform in difficult markets.’
3 min read · 22 January 2013
With the credit crunch showing no signs of easing, REITs globally are looking increasingly stressed.
2 min read · 22 January 2013
The US’ second largest pension fund has allocated $1bn to the growing asset class with California’s infrastructure needs to be given preference.
2 min read · 22 January 2013
The Boca Raton-based private investment firm has acquired two coated-recycled board mills in Pennsylvania and Indiana from a subsidiary of the Graphic Packaging Holding Company.
1 min read · 22 January 2013
Frank Scavone has joined the Los Angeles-based real estate investment firm to develop new investment programs for the firm. The appointment follows a recent string of real estate appointments in the firm’s US and European operations.
2 min read · 22 January 2013
Emerging markets in Asia are very much on the private equity real estate map as fund managers channel significantly more capital to the region. The first half of 2008 saw funds target $30.4bn through dedicated Asia funds focusing on countries from China to Cambodia and India. By mid-year 2007 just $11.5bn was being raised for Asia-focused funds.
2 min read · 22 January 2013
